As a dark horse public chain, Merlin has followed Blue Box all the way to the current Merlin Magic Book. It has carefully polished its products and built a community. The founder Jeff has devoted his support to the Merlin chain project. Rumors have been flying all over the sky recently. I don’t know which master is so ungrateful. ! ! ! The wise does not buy rumours! ! !
If you don’t know Merlin, read this concise and comprehensive article to learn more about how Merlin achieved what he has achieved today.
How does Merlin Chain unite people from all walks of life? Contains growth password
On March 10, Jeff, the founder of Merlin Chain, posted on Twitter, "Many outsiders think that Merlin's strength is the market and its shortcoming is product technology. This is the biggest misunderstanding about Merlin." He also said: Merlin's marketing capabilities are not as good as those of the outside world. The rumors are so exaggerated, but they come more from the spontaneous power of the community. The so-called mysterious monsters from the East are actually driven by the trust and love of the community.
As the current mainstream narrative, Merlin Chain, a rising star of BTC L2, has an outstanding market performance and is often considered to be the most promising to compete with ETH L2, which represents Western power. The main network has reached an astonishing TVL of 3.6 billion US dollars in 30 days after its launch. At the same time, curious voices continue to emerge, why can the mysterious oriental monster unite various forces in a short period of time, and is there really a growth code behind the unprecedented funds, traffic and topic?
Merlin Chain, as the native BTC Layer2, has 91% of its $3.6 billion TVL from Bitcoin native assets, including 58% of BTC and 33% of Ordinals assets, surpassing Solana and Blast. This milestone is not just due to this short month, but the team's long-term deep cultivation in the Bitcoin ecosystem, from Recursiverse to Bitmap Explorer to BRC420, and finally to Merlin Chain.
July 17, 2023: Release of BRC-420 protocol
July 31, 2023: Released Bitmap Explorer, a Bitmap-based visual dashboard for social, gaming, and trading activities
September 19, 2023: The first BRC-420 asset, the Blue Box, was launched.
November 15, 2023: The Bitmap coin exchange plan is announced, 1 Bitmap can be exchanged for 1,000 $WMAP, doubling the price of Bitmap; at the same time, the price of the blue box rises to $1,000
December 26, 2023: Renamed to @BitmapTech; OKX Wallet announced support for BRC-420
January 19, 2024: Official announcement of Bitcoin’s second layer network Merlin Chain
January 26, 2024: Merlin Chain testnet bridge launched
February 3, 2024: Blue Box price reaches $40,000, becoming the third largest 10k series NFT on the market, behind BAYC and Punks
February 5, 2024: Merlin Chain completes IDO on Particle Network and releases 1% governance token $MERL
February 9, 2024: OKX Venture announces investment in Bitmap Tech
February 10, 2024: Merlin Chain IDO activity ends with more than 1 million participating addresses
February 23, 2024: Merlin Chain’s TVL exceeds $2 billion, surpassing Solana and Blast, ranking fifth among all chains
Founder Jeff once revealed in an interview that the team did not think about Layer2 at the beginning. It was in the process of continuously building products and interacting with developers and users in the community that they found that the interactions that can be done on L1 are too limited and many ideas cannot be realized. The Bitmap Tech team happens to be among all Bitcoin Layer2s, using the strongest native foundation: BRC-420 defines the metaverse standard and copyright standard for Bitcoin assets, and launched 600+ inscription assets and 1000+ Bitcoin ecosystem developers before the birth of Merlin Chain; Bitmap.Tech has attracted more than 90% of the traffic of Bitmap, a native asset of Bitcoin Layer 1, and has 33,500+ independent addresses, making it the largest Ordinals asset community.
Long-termism brings ecological prosperity. The birth of Merlin Chain is both accidental and inevitable.
BRC-420: Assets first, then narratives, growing communities from the bottom up
Another growth strategy of Merlin Chain is "bottom-up issuance, community-driven assets, and a new narrative from assets to projects", that is, fair issuance of assets, discovery of assets by the community, building community consensus around assets, and empowering assets through product and ecological construction. It is undeniable that the Bitcoin community's recognition of Merlin Chain initially came from several leading assets of BRC-420 - the growth miracle of the blue box is needless to say. The subsequent music box, blue crystal, and dragon ball all have very impressive market performance after adopting a bottom-up fair launch. Therefore, we have firm confidence in the community behind it and the derived product ecology.
Unity public chain: from zero-sum game to win-win cooperation
Merlin Chain is not opposed to forming an alliance with powerful teammates in the Ether system, and some shadows of Eastern wisdom can also be seen from it.
On March 7, Ethereum Layer2 project Manta launched “Blast Of
